Savings Plan and Future Cost Estimation for Fortis College Cincinnati

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$116,169
Monthly savings required$516

How much will it cost to send your child to Fortis College Cincinnati in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $232,338.44 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $516.13 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

Current Annual Cost$33,208.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $516.13 $0.00 $0.00 $516.13
2 $516.13 $516.13 $0.00 $2.92 $1,035.18
3 $1,035.18 $516.13 $0.00 $5.85 $1,557.16
4 $1,557.16 $516.13 $0.00 $8.80 $2,082.09
5 $2,082.09 $516.13 $0.00 $11.77 $2,609.99
6 $2,609.99 $516.13 $0.00 $14.76 $3,140.88
7 $3,140.88 $516.13 $0.00 $17.76 $3,674.77
8 $3,674.77 $516.13 $0.00 $20.78 $4,211.68
9 $4,211.68 $516.13 $0.00 $23.81 $4,751.62
10 $4,751.62 $516.13 $0.00 $26.87 $5,294.62
11 $5,294.62 $516.13 $0.00 $29.94 $5,840.69
12 $5,840.69 $516.13 $0.00 $33.02 $6,389.84
13 $6,389.84 $516.13 $0.00 $36.13 $6,942.10
14 $6,942.10 $516.13 $0.00 $39.25 $7,497.48
15 $7,497.48 $516.13 $0.00 $42.39 $8,056.00
16 $8,056.00 $516.13 $0.00 $45.55 $8,617.68
17 $8,617.68 $516.13 $0.00 $48.73 $9,182.54
18 $9,182.54 $516.13 $0.00 $51.92 $9,750.59
19 $9,750.59 $516.13 $0.00 $55.13 $10,321.85
20 $10,321.85 $516.13 $0.00 $58.36 $10,896.34
21 $10,896.34 $516.13 $0.00 $61.61 $11,474.08
22 $11,474.08 $516.13 $0.00 $64.88 $12,055.09
23 $12,055.09 $516.13 $0.00 $68.16 $12,639.38
24 $12,639.38 $516.13 $0.00 $71.46 $13,226.97
25 $13,226.97 $516.13 $0.00 $74.79 $13,817.89
26 $13,817.89 $516.13 $0.00 $78.13 $14,412.15
27 $14,412.15 $516.13 $0.00 $81.49 $15,009.77
28 $15,009.77 $516.13 $0.00 $84.87 $15,610.77
29 $15,610.77 $516.13 $0.00 $88.27 $16,215.17
30 $16,215.17 $516.13 $0.00 $91.68 $16,822.98
31 $16,822.98 $516.13 $0.00 $95.12 $17,434.23
32 $17,434.23 $516.13 $0.00 $98.58 $18,048.94
33 $18,048.94 $516.13 $0.00 $102.05 $18,667.12
34 $18,667.12 $516.13 $0.00 $105.55 $19,288.80
35 $19,288.80 $516.13 $0.00 $109.06 $19,913.99
36 $19,913.99 $516.13 $0.00 $112.60 $20,542.72
37 $20,542.72 $516.13 $0.00 $116.15 $21,175.00
38 $21,175.00 $516.13 $0.00 $119.73 $21,810.86
39 $21,810.86 $516.13 $0.00 $123.32 $22,450.31
40 $22,450.31 $516.13 $0.00 $126.94 $23,093.38
41 $23,093.38 $516.13 $0.00 $130.57 $23,740.08
42 $23,740.08 $516.13 $0.00 $134.23 $24,390.44
43 $24,390.44 $516.13 $0.00 $137.91 $25,044.48
44 $25,044.48 $516.13 $0.00 $141.61 $25,702.22
45 $25,702.22 $516.13 $0.00 $145.32 $26,363.67
46 $26,363.67 $516.13 $0.00 $149.06 $27,028.86
47 $27,028.86 $516.13 $0.00 $152.83 $27,697.82
48 $27,697.82 $516.13 $0.00 $156.61 $28,370.56
49 $28,370.56 $516.13 $0.00 $160.41 $29,047.10
50 $29,047.10 $516.13 $0.00 $164.24 $29,727.47
51 $29,727.47 $516.13 $0.00 $168.08 $30,411.68
52 $30,411.68 $516.13 $0.00 $171.95 $31,099.76
53 $31,099.76 $516.13 $0.00 $175.84 $31,791.73
54 $31,791.73 $516.13 $0.00 $179.76 $32,487.62
55 $32,487.62 $516.13 $0.00 $183.69 $33,187.44
56 $33,187.44 $516.13 $0.00 $187.65 $33,891.22
57 $33,891.22 $516.13 $0.00 $191.63 $34,598.98
58 $34,598.98 $516.13 $0.00 $195.63 $35,310.74
59 $35,310.74 $516.13 $0.00 $199.65 $36,026.52
60 $36,026.52 $516.13 $0.00 $203.70 $36,746.35
61 $36,746.35 $516.13 $0.00 $207.77 $37,470.25
62 $37,470.25 $516.13 $0.00 $211.86 $38,198.24
63 $38,198.24 $516.13 $0.00 $215.98 $38,930.35
64 $38,930.35 $516.13 $0.00 $220.12 $39,666.60
65 $39,666.60 $516.13 $0.00 $224.28 $40,407.01
66 $40,407.01 $516.13 $0.00 $228.47 $41,151.61
67 $41,151.61 $516.13 $0.00 $232.68 $41,900.42
68 $41,900.42 $516.13 $0.00 $236.91 $42,653.46
69 $42,653.46 $516.13 $0.00 $241.17 $43,410.76
70 $43,410.76 $516.13 $0.00 $245.45 $44,172.34
71 $44,172.34 $516.13 $0.00 $249.76 $44,938.23
72 $44,938.23 $516.13 $0.00 $254.09 $45,708.45
73 $45,708.45 $516.13 $0.00 $258.44 $46,483.02
74 $46,483.02 $516.13 $0.00 $262.82 $47,261.97
75 $47,261.97 $516.13 $0.00 $267.23 $48,045.33
76 $48,045.33 $516.13 $0.00 $271.66 $48,833.12
77 $48,833.12 $516.13 $0.00 $276.11 $49,625.36
78 $49,625.36 $516.13 $0.00 $280.59 $50,422.08
79 $50,422.08 $516.13 $0.00 $285.09 $51,223.30
80 $51,223.30 $516.13 $0.00 $289.62 $52,029.05
81 $52,029.05 $516.13 $0.00 $294.18 $52,839.36
82 $52,839.36 $516.13 $0.00 $298.76 $53,654.25
83 $53,654.25 $516.13 $0.00 $303.37 $54,473.75
84 $54,473.75 $516.13 $0.00 $308.00 $55,297.88
85 $55,297.88 $516.13 $0.00 $312.66 $56,126.67
86 $56,126.67 $516.13 $0.00 $317.35 $56,960.15
87 $56,960.15 $516.13 $0.00 $322.06 $57,798.34
88 $57,798.34 $516.13 $0.00 $326.80 $58,641.27
89 $58,641.27 $516.13 $0.00 $331.57 $59,488.97
90 $59,488.97 $516.13 $0.00 $336.36 $60,341.46
91 $60,341.46 $516.13 $0.00 $341.18 $61,198.77
92 $61,198.77 $516.13 $0.00 $346.03 $62,060.93
93 $62,060.93 $516.13 $0.00 $350.90 $62,927.96
94 $62,927.96 $516.13 $0.00 $355.80 $63,799.89
95 $63,799.89 $516.13 $0.00 $360.73 $64,676.75
96 $64,676.75 $516.13 $0.00 $365.69 $65,558.57
97 $65,558.57 $516.13 $0.00 $370.68 $66,445.38
98 $66,445.38 $516.13 $0.00 $375.69 $67,337.20
99 $67,337.20 $516.13 $0.00 $380.73 $68,234.06
100 $68,234.06 $516.13 $0.00 $385.81 $69,136.00
101 $69,136.00 $516.13 $0.00 $390.90 $70,043.03
102 $70,043.03 $516.13 $0.00 $396.03 $70,955.19
103 $70,955.19 $516.13 $0.00 $401.19 $71,872.51
104 $71,872.51 $516.13 $0.00 $406.38 $72,795.02
105 $72,795.02 $516.13 $0.00 $411.59 $73,722.74
106 $73,722.74 $516.13 $0.00 $416.84 $74,655.71
107 $74,655.71 $516.13 $0.00 $422.11 $75,593.95
108 $75,593.95 $516.13 $0.00 $427.42 $76,537.50
109 $76,537.50 $516.13 $0.00 $432.75 $77,486.38
110 $77,486.38 $516.13 $0.00 $438.12 $78,440.63
111 $78,440.63 $516.13 $0.00 $443.51 $79,400.27
112 $79,400.27 $516.13 $0.00 $448.94 $80,365.34
113 $80,365.34 $516.13 $0.00 $454.40 $81,335.87
114 $81,335.87 $516.13 $0.00 $459.88 $82,311.88
115 $82,311.88 $516.13 $0.00 $465.40 $83,293.41
116 $83,293.41 $516.13 $0.00 $470.95 $84,280.49
117 $84,280.49 $516.13 $0.00 $476.53 $85,273.15
118 $85,273.15 $516.13 $0.00 $482.15 $86,271.43
119 $86,271.43 $516.13 $0.00 $487.79 $87,275.35
120 $87,275.35 $516.13 $0.00 $493.47 $88,284.95
121 $88,284.95 $516.13 $0.00 $499.18 $89,300.26
122 $89,300.26 $516.13 $0.00 $504.92 $90,321.31
123 $90,321.31 $516.13 $0.00 $510.69 $91,348.13
124 $91,348.13 $516.13 $0.00 $516.50 $92,380.76
125 $92,380.76 $516.13 $0.00 $522.33 $93,419.22
126 $93,419.22 $516.13 $0.00 $528.21 $94,463.56
127 $94,463.56 $516.13 $0.00 $534.11 $95,513.80
128 $95,513.80 $516.13 $0.00 $540.05 $96,569.98
129 $96,569.98 $516.13 $0.00 $546.02 $97,632.13
130 $97,632.13 $516.13 $0.00 $552.03 $98,700.29
131 $98,700.29 $516.13 $0.00 $558.07 $99,774.49
132 $99,774.49 $516.13 $0.00 $564.14 $100,854.76
133 $100,854.76 $516.13 $0.00 $570.25 $101,941.14
134 $101,941.14 $516.13 $0.00 $576.39 $103,033.66
135 $103,033.66 $516.13 $0.00 $582.57 $104,132.36
136 $104,132.36 $516.13 $0.00 $588.78 $105,237.27
137 $105,237.27 $516.13 $0.00 $595.03 $106,348.43
138 $106,348.43 $516.13 $0.00 $601.31 $107,465.87
139 $107,465.87 $516.13 $0.00 $607.63 $108,589.63
140 $108,589.63 $516.13 $0.00 $613.98 $109,719.74
141 $109,719.74 $516.13 $0.00 $620.37 $110,856.24
142 $110,856.24 $516.13 $0.00 $626.80 $111,999.17
143 $111,999.17 $516.13 $0.00 $633.26 $113,148.56
144 $113,148.56 $516.13 $0.00 $639.76 $114,304.45
145 $114,304.45 $516.13 $0.00 $646.29 $115,466.87
146 $115,466.87 $516.13 $0.00 $652.87 $116,635.87
147 $116,635.87 $516.13 $0.00 $659.48 $117,811.48
148 $117,811.48 $516.13 $0.00 $666.12 $118,993.73
149 $118,993.73 $516.13 $0.00 $672.81 $120,182.67
150 $120,182.67 $516.13 $0.00 $679.53 $121,378.33
151 $121,378.33 $516.13 $0.00 $686.29 $122,580.75
152 $122,580.75 $516.13 $0.00 $693.09 $123,789.97
153 $123,789.97 $516.13 $0.00 $699.93 $125,006.03
154 $125,006.03 $516.13 $0.00 $706.80 $126,228.96
155 $126,228.96 $516.13 $0.00 $713.72 $127,458.81
156 $127,458.81 $516.13 $0.00 $720.67 $128,695.61
157 $128,695.61 $516.13 $0.00 $727.66 $129,939.40
158 $129,939.40 $516.13 $0.00 $734.70 $131,190.23
159 $131,190.23 $516.13 $0.00 $741.77 $132,448.13
160 $132,448.13 $516.13 $0.00 $748.88 $133,713.14
161 $133,713.14 $516.13 $0.00 $756.03 $134,985.30
162 $134,985.30 $516.13 $0.00 $763.23 $136,264.66
163 $136,264.66 $516.13 $0.00 $770.46 $137,551.25
164 $137,551.25 $516.13 $0.00 $777.73 $138,845.11
165 $138,845.11 $516.13 $0.00 $785.05 $140,146.29
166 $140,146.29 $516.13 $0.00 $792.41 $141,454.83
167 $141,454.83 $516.13 $0.00 $799.81 $142,770.77
168 $142,770.77 $516.13 $0.00 $807.25 $144,094.15
169 $144,094.15 $516.13 $0.00 $814.73 $145,425.01
170 $145,425.01 $516.13 $0.00 $822.25 $146,763.39
171 $146,763.39 $516.13 $0.00 $829.82 $148,109.34
172 $148,109.34 $516.13 $0.00 $837.43 $149,462.90
173 $149,462.90 $516.13 $0.00 $845.08 $150,824.11
174 $150,824.11 $516.13 $0.00 $852.78 $152,193.02
175 $152,193.02 $516.13 $0.00 $860.52 $153,569.67
176 $153,569.67 $516.13 $0.00 $868.31 $154,954.11
177 $154,954.11 $516.13 $0.00 $876.13 $156,346.37
178 $156,346.37 $516.13 $0.00 $884.01 $157,746.51
179 $157,746.51 $516.13 $0.00 $891.92 $159,154.56
180 $159,154.56 $516.13 $0.00 $899.88 $160,570.57
181 $160,570.57 $516.13 $0.00 $907.89 $161,994.59
182 $161,994.59 $516.13 $0.00 $915.94 $163,426.66
183 $163,426.66 $516.13 $0.00 $924.04 $164,866.83
184 $164,866.83 $516.13 $0.00 $932.18 $166,315.14
185 $166,315.14 $516.13 $0.00 $940.37 $167,771.64
186 $167,771.64 $516.13 $0.00 $948.61 $169,236.38
187 $169,236.38 $516.13 $0.00 $956.89 $170,709.40
188 $170,709.40 $516.13 $0.00 $965.22 $172,190.75
189 $172,190.75 $516.13 $0.00 $973.59 $173,680.47
190 $173,680.47 $516.13 $0.00 $982.01 $175,178.61
191 $175,178.61 $516.13 $0.00 $990.49 $176,685.23
192 $176,685.23 $516.13 $0.00 $999.00 $178,200.36
193 $178,200.36 $516.13 $0.00 $1,007.57 $179,724.06
194 $179,724.06 $516.13 $0.00 $1,016.19 $181,256.38
195 $181,256.38 $516.13 $0.00 $1,024.85 $182,797.36
196 $182,797.36 $516.13 $0.00 $1,033.56 $184,347.05
197 $184,347.05 $516.13 $0.00 $1,042.33 $185,905.51
198 $185,905.51 $516.13 $0.00 $1,051.14 $187,472.78
199 $187,472.78 $516.13 $0.00 $1,060.00 $189,048.91
200 $189,048.91 $516.13 $0.00 $1,068.91 $190,633.95
201 $190,633.95 $516.13 $0.00 $1,077.87 $192,227.95
202 $192,227.95 $516.13 $0.00 $1,086.88 $193,830.96
203 $193,830.96 $516.13 $0.00 $1,095.95 $195,443.04
204 $195,443.04 $516.13 $0.00 $1,105.06 $197,064.23
205 $197,064.23 $516.13 $0.00 $1,114.23 $198,694.59
206 $198,694.59 $516.13 $0.00 $1,123.45 $200,334.17
207 $200,334.17 $516.13 $0.00 $1,132.72 $201,983.02
208 $201,983.02 $516.13 $0.00 $1,142.04 $203,641.19
209 $203,641.19 $516.13 $0.00 $1,151.42 $205,308.74
210 $205,308.74 $516.13 $0.00 $1,160.85 $206,985.72
211 $206,985.72 $516.13 $0.00 $1,170.33 $208,672.18
212 $208,672.18 $516.13 $0.00 $1,179.86 $210,368.17
213 $210,368.17 $516.13 $0.00 $1,189.45 $212,073.75
214 $212,073.75 $516.13 $0.00 $1,199.10 $213,788.98
215 $213,788.98 $516.13 $0.00 $1,208.79 $215,513.90
216 $215,513.90 $516.13 $0.00 $1,218.55 $217,248.58
217 $217,248.58 $516.13 $112,240.79 $1,228.36 $106,752.28
218 $106,752.28 $516.13 $0.00 $603.59 $107,872.00
219 $107,872.00 $516.13 $0.00 $609.92 $108,998.05
220 $108,998.05 $516.13 $0.00 $616.29 $110,130.47
221 $110,130.47 $516.13 $0.00 $622.69 $111,269.29
222 $111,269.29 $516.13 $0.00 $629.13 $112,414.55
223 $112,414.55 $516.13 $0.00 $635.61 $113,566.29
224 $113,566.29 $516.13 $0.00 $642.12 $114,724.54
225 $114,724.54 $516.13 $0.00 $648.67 $115,889.34
226 $115,889.34 $516.13 $0.00 $655.26 $117,060.73
227 $117,060.73 $516.13 $0.00 $661.88 $118,238.74
228 $118,238.74 $516.13 $0.00 $668.54 $119,423.41
229 $119,423.41 $0.00 $120,097.65 $675.24 $1.00